Amicus set to lend over £400m in 2016

Award-winning bridging lender Amicus is planning to lend in excess of £400m in 2016.

During the past year, Amicus lent £330m and that success was rewarded when the company won the Bridging Lender of the Year at the B&C Awards 2015.

It also saw development lending surge 89%, acquired the London-based broker Norton Folgate and expanded distribution with the integration of Preston-based Mayfair Bridging.

An infographic highlighting Amicus' key achievements is below:

 
Keith Aldridge, Managing Director of Amicus, said 2015 had been a “terrific year” but the business is now looking to build on that success.

“Improving internal communications, as well as the recruitment and ongoing training to ensure a quality, experienced team across the whole business have become increasing priorities,” said Keith.

“We are also focussing on improving and evolving our proposition in the market. An example of how we’ve taken the lead was the launch of our inaugural stakeholder day – an industry first event.”

Amicus completed a £100m securitisation in September and Keith said this important addition to its funding strategy had allowed it to grow and expand its development business.

“The growth in our development business has led to the appointment of an in-house quantity surveyor Cedric Houghton-Brown who joined the team in November,” said Keith.

“This appointment was one in a string of quality appointments that saw Athol Abrahams join us as Head of Risk, Anita Kirkbright as Operations Manager, Gareth Ward as Senior Underwriter and Mark Harrison Relationship Manager based in our Preston office.

“All these investments supported our 2015 ambitions to deliver our diversification programme through acquisition, the strengthening of our funding lines and the improvement of our relationships including distributors and industry trade bodies.”